All set for UK-Malawi Investment Summit

Post was last updated: January 23, 2020
Peter Mutharika

The Malawi Investment and Trade Centre (MITC) has said all is set for the UK-Malawi Investment Summit which will be held in London today.

President Peter Mutharika is expected to preside over the summit which seeks to attract new UK investment into Malawi.

The summit comes barely two days after the UK-Africa Summit which was held on Monday.

MITC Spokesperson, Deliby Chimbalu, said Tuesday a total of 20 local companies are expected to attend the summit.

The 20 include, Press Corporation Limited, Nico Holdings, Nalipili Lodge, Cape Maclear Project, Royal Procurement and Supplies, Kings Tin, Mchenga Coal Mine, CDH Investment Bank, Rosebery Farms, and the Malawi Agriculture and Industrial Investment Corporation (Maicc).

Other companies are the Lilongwe Water Board, Egenco, Export Development Fund, Lilongwe Handling Company, Green Belt Initiative and the Malawi Energy Regulatory Authority.

“The summit is specifically to promote Malawi projects to investors in the UK. Hence it will bring together UK investors and Malawi investors,” Chimbalu said.

She added that Mutharika will give a statement and MITC will present on opportunities and specific projects being promoted at the event.

“We expect project owners, who will also be present at the summit, to advance discussions with the potential investors and at best, to strike deals,” she said.

She said MITC is targeting sectors that are prioritised in third Malawi Growth and Development Strategy (MGDS III) which are within the energy, water, agriculture, irrigation, mining, tourism and manufacturing sectors.

Speaking on departure for the UK, Mutharika described the UK-Malawi Summit as a big event for Malawi as it will attract between 300 to 400 investors.

“I will be giving a keynote address, trying to outline opportunities and challenges that companies can find in Malawi. So, it’s a very important meeting,” Mutharika said.

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